SA aplicable for PCC for MAY 2010

AAS 5347 views 15 replies

 Dear Friends,

 

Pl tell me the applicable SA for students of PCC for MAY 2010.

I heard that some new amendments have been also came in syllabus.

Thanks & Regards,

Aditya Malik

Replies (15)

May 2010..!!...i guess U need to wait for announcement from Institute's side...

 

However, the following link could be useful

https://icai.org/post.html?post_id=5066&c_id=121

 

 

 

Refer this link :-  https://icai.org/post.html?post_id=5238&c_id=219  

all of the auditing standards which are applicable in june 2009 and nov 2009 exams will be applicable for 2010 exams...I think ther are 32 standards on auditing and all of them will be applicable

  SA 200 (AAS 1), “Basic Principles Governing an Audit”

SA 200A (AAS 2), “Objective and Scope of the Audit of Financial Statements”

SA 210 (AAS 26), “Terms of Audit Engagement”

SA 210 (Revised) under the Clarity Project,
"Agreeing the Terms of the Audit Engagements
"

SA 220 (AAS 17), “Quality Control for Audit Work”

SA 230 (AAS 3), “Documentation”

SA 230 (Revised) under the Clarity Project,
"Audit Documentation"

SA 240 (AAS 4), “The Auditor’s Responsibility to Consider Fraud and Error in an Audit of Financial Statements”

SA 240 (Revised) under the Clarity Project,
“The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements”

SA 250 (AAS 21), “Consideration of Laws and Regulations in an Audit of Financial Statements”

SA 250 (Revised) under the Clarity Project,
"Consideration of Laws and Regulations in an Audit of Financial Statements
"

SA 260 (AAS 27), “Communications of Audit Matters with Those Charged with Governance”

SA 260 (Revised) under the Clarity Project,
"Communication with Those Charged with Governance
"

SA 265 under the Clarity Project,
"Communicating Deficiencies in Internal Control to Those Charged with Governance and Management
"

SA 299 (AAS 12), “Responsibility of Joint Auditors”
 

  300-499 Risk Assessment and Response to Assessed Risks
    SA 300 (AAS 8), “Audit Planning”

SA 300 (Revised) under the Clarity Project,
“Planning an Audit of Financial Statements”

SA 310 (AAS 20), “Knowledge of the Business”

SA 315 under the Clarity Project,
“Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment”

SA 320 (AAS 13), “Audit Materiality”

SA 320 under the Clarity Project,
"Materiality in Planning and Performing an Audit
"

SA 330 under the Clarity Project,
“The Auditor’s Responses to Assessed Risks”

SA 400 (AAS 6), “Risk Assessments and Internal Control”

SA 401 (AAS 29), “Audit in a Computer Information Systems Environment”

SA 402 (AAS 24), “Audit Considerations Relating to Entities Using Service Organisations”

SA 402 (Revised) under the Clarity Project,
"Audit Considerations Relating to an Entity using a Service Organisation
"

SA 450, under the Clarity Project,
"Evaluation of Misstatements Identified During the Audit
"
 

  500-599 Audit Evidence
    SA 500 (AAS 5), “Audit Evidence”

SA 500 (Revised) under the Clarity Project,
"Audit Evidence"

SA 501 (AAS 34), “Audit Evidence – Additional Considerations for Specific Items”

SA 505 (AAS 30), “External Confirmations”

SA 510 (AAS 22), “Initial Engagements – Opening Balances”

SA 510 (Revised) under the Clarity Project,
"Initial Audit Engagements Opening Balances
"

SA 520 (AAS 14), “Analytical Procedures”

SA 530 (AAS 15), “Audit Sampling”

SA 530 (Revised) under the Clarity Project,
"Audit Sampling"

SA 540 (AAS 18), “Auditing of Accounting Estimates”

SA 540 (Revised) under the Clarity Project,
Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures

SA 550 (AAS 23), “Related Parties”

SA 550 (Revised) under the Clarity Project,
"Related Parties"

SA 560 (AAS 19), “Subsequent Events”

SA 560 (Revised) under the Clarity Project,
"Subsequent Events"

SA 570 (AAS 16), “Going Concern”

SA 570 (Revised) under the Clarity Project,
"Going Concern
"

SA 580 (AAS 11), “Representations by Management”

SA 580 (Revised) under the Clarity Project,
"Written Representations"
 

  600-699 Using Work of Others
    SA 600 (AAS 10), “Using the Work of Another Auditor”

SA 610 (AAS 7), “Relying Upon the Work of an Internal Auditor”

SA 610 (Revised) under the Clarity Project,
"Using the Work of Internal Auditors"

SA 620 (AAS 9), “Using the Work of an Expert”
 

  700-799 Audit Conclusions and Reporting
    SA 700 (AAS 28), “The Auditor’s Report on Financial Statements”

SA 710 (AAS 25), “Comparatives”

SA 720 under the Clarity Project,
"The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements

I agree with Nitesh..

The following list contains the details of the Engagements and Quality Control Standards (Auditing).  For the purpose of May, 2010 examinations the students are advised to refer to the Engagements and Quality Control Standards.

The details of the Engagements and Quality Control Standards (Auditing) with full text are being hosted for the guidance of the students.

(For PCC & IPCC)

 S.No.  Engagements and Quality Control Standards (Auditing)

  1. Basic Principles Governing an Audit (SA 200)
  2. Objectives and Scope of the Audit of Financial Statements (SA 200A)
  3. Agreeing the  Terms of Audit Engagements (SA 210) (Revised)               
  4. Quality Control for Audit Work (SA 220)
  5. Audit Documentation (230)   (Revised)              
  6. The Auditor’s Responsibilities Relating  Fraud  in  an Audit of Financial Statements (SA 240) (Revised) 
  7. Consideration of Laws and Regulations in an Audit of Financial Statements (SA 250) (Revised)
  8. Communication with Those  Charged with Governance (SA 260) (Revised)
  9. Communicating Deficiencies  in Internal Control to Those Charged with Governance and Management (265)  (Newly Issued)
  10. Responsibility of Joint Auditors (SA 299)
  11. Planning an Audit of Financial Statements (300) (Revised)
  12. Identifying and Assessing the Risk of Material Misstatement Through Understanding the Entity and its Environment (SA 315) (Newly issued)*
  13. Materiality in Planning and Performing an Audit (SA  320) (Revised)              
  14. The Auditor’s Responses to Assessed Risks (SA  330) (Newly issued)*
  15. Audit Considerations Relating to Entities Using Service Organisations (SA 402)  (Revised)              
  16. Evaluation of Misstatements identified During the Audit (450)  (Newly Issued )
  17. Audit Evidence (SA 500) (Revised)
  18. Audit Evidence - Additional Considerations for Specific Items (SA 501)
  19. External Confirmations (SA 505)
  20. Initial Audit Engagements – Opening Balances (SA 510)  (Revised)              
  21. Analytical Procedures (SA 520)
  22. Audit Sampling (SA 530) (Revised)
  23. Auditing Accounting Estimates, Including Fair Value Accounting Estimates and Related Disclosures (SA 540) (Revised)
  24. Related Parties (SA 550) (Revised)              
  25. Subsequent Events (SA 560) (Revised)
  26. Going Concern (SA 570) (Revised)
  27. Written Representations (SA 580) (Revised)
  28. Using the Work of Another Auditor (SA 600)
  29. Using the Work of an Internal Auditors (SA 610) (Revised)              
  30. Using the Work of an Expert (SA 620)
  31. The Auditor's Report on Financial Statements (SA 700)
  32. Comparatives (SA 710)
  33. The Auditor’s Responsibility in Relation to Other Information in Documents Containing Audited Financial Statements (720)  (Newly Issued )

hey, there were some changes in SAs/ AASs. as per the ICAI website, they were gonna merge SA 200/ AAS 1 n SA 200A/ AAS 2. not only this but they have also withdrawn, introduce n revised some AAS/ SA. u should 9 that any change in the slyabus of any subject b4 1 month or say till 31th march 2010 will be included in ur course for MAY 2010. ICAI declares those amendments in their website. therefore i vl suggest u to keep updating urself through their website as mentioned in the 2nd n 3rd reply.

dude luk out for SA 330 & SA 315.....along wid......sampling.......it wil gona help u a lot ......

tell me the appropriate book for newly revised sa pcc may 2010-paduka/surbhi bansal or any other

see details on WWW.HIGHBROWMENTOR.COM FOR UPDATED NOTES IN HINDI AND ENGLISH FREE DOWNLOAD UPDATED FOR NOTIFICATION ISSUED BY BOS OF ICAI ON 14-12-2009

hey himanshu, both of them r gud for audit. so if u have enough time for studying audit then go for paduka otherwise prefer surbhi bansal...

Are yaar ........padhukas new addition of Jan2010 does not contain the revised standards or the newly  issued ones... just checkd 

plz send me SA which are aplicable for PCCmay 2010 exam , as there are lots of amendments being made

for all new amendments applicable for may 2010 pcc/ipcc refer surbhi bansal mam book/ notes

it is very easy & best


CCI Pro

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